If you unsave a newer one, wouldn't the older one pop up again because it updates the index with limit 1000 again? If the data is there, it should find all posts and then truncate, in that order, if I'm understanding this correctly.
Imagine I have a list of max length 5, when I initially fill it up it looks like [5, 4, 3, 2, 1]. If I save one more thing, it adds 6 at the front, then truncates the list and removes the 1 from the end, so now you have [6, 5, 4, 3, 2]. At that point, if I unsave #3, it just removes it from the list so you'd have [6, 5, 4, 2]. #1 is still saved, but nothing happens to pull it back into the list.
1000 probably seemed like a lot at the time or had reasonable performance, and it's just never been changed.